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Economic confidence among small business owners slipped sharply in September. The real mover of this months confidence level is the overall sense that the economy is getting worse. The “Discover Small Business Watch” fell to 74.6 in September, down 12.3 points from August. Discover also found that 42% of small business owners have experienced cash flow issues over the last 90 days, unchanged from August; 51% believe economic conditions for their businesses are getting worse, up from 44% in August; and the number of small business owners who think the U.S. economy is getting worse rose to 73% from 60% in August. Additionally, 67% of small business owners say that despite the current economic climate, they have not been forced to borrow money to pay bills for their business. In addition, 73% say gas prices are having a negative effect on their profitability.

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